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Nov 15 - 09:48 AM
AUD/USD: Holding Low Conviction Bias While Maintaining 0.67-0.69 Range N-Term - NAB
First appeared on eFXplus on Nov 15 - 08:27 AM

NAB discusses AUD/USD technical outlook and holds a low conviction bias around current levels.

"Bullish MT and LT triggers produced in Q4 2019 were unable to break the two-year downtrend. Impulsive rejection of trend resistance places AUD/USD back in a neutral space," NAB notes. 

"We anticipate AUD/USD maintaining an approximate 0.67 to 0.69 range in the coming weeks. While this range holds we will continue to hold a low conviction," NAB adds. 

NAB Research/Market Commentary


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